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SEC RIN: 3235-AN34 Publication ID: Spring 2025 
Title: Customer Identification Programs for Registered Investment Advisers and Exempt Reporting Advisers 
Abstract:

The Division is considering recommending that the Commission, jointly with the Department of the Treasury, issue a final rule implementing section 326 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 with regard to certain investment advisers that, among other things, requires those investment advisers, as financial institutions under the Bank Secrecy Act, to implement reasonable procedures to verify the identities of their customers.

 
Agency: Securities and Exchange Commission(SEC)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 14192 Designation: Other 
CFR Citation: 31 CFR 1032   
Legal Authority: Pub. L. 107–56    31 U.S.C. 5311 et seq.   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/21/2024  89 FR 44571   
NPRM Comment Period End  07/22/2024 
Final Action  04/00/2026 
Regulatory Flexibility Analysis Required: YES  Government Levels Affected: Undetermined 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Information URL: https://www.govinfo.gov/content/pkg/FR-2024-05-21/pdf/2024-10738.pdf  
RIN Data Printed in the FR: Yes 
Agency Contact:
Ted Uliassi
Securities and Exchange Commission
100 F St NE,
Washington, DC 20549
Phone:202 551-6095
Email: uliassit@sec.gov